Title :
Introduction to game theory and its application in electric power markets
Author_Institution :
Dept. of Electr. Econ., PG&E Energy Services, USA
fDate :
10/1/1999 12:00:00 AM
Abstract :
Game theory is a discipline that is used to analyze problems of conflict among interacting decision makers. It may be considered as a generalization of decision theory to include multiple players or decision makers. Here, the author presents an introduction to game theory as well as its application to electric power market allocation problems
Keywords :
decision theory; electricity supply industry; game theory; power system planning; conflict problems analysis; decision theory generalisation; electric power market allocation problems; game theory; interacting decision makers; multiple decision makers; multiple players; Decision theory; Game theory; Nash equilibrium; Power markets; Waste materials;
Journal_Title :
Computer Applications in Power, IEEE
